Dear Family, Odd-funny things keep happening around here. Like scraping ice off my windshield – in California! Like going to our breakfast meeting and the restaurant is closed. Like the IRS press release that that help and information is available in Spanish – but the press release was in English. Like my friend sending me […]
Tag Archives: Credit union
Today TaxMama hears from Helen in Texas with this concern. “Can I take my 401(k) investment money out of bank investments and put into a credit union without paying taxes? If so how do I go about doing this? Besides, aren’t credit unions safer? “ Dear Helen, Your first question is easy. If your 401(k) […]
Today TaxMama hears from Bud in Tennessee who tells us: “My wife had a CD in an online bank that exceeded the FDIC guaranteed amount. The Internet bank went into receivership and my wife lost the amount that exceeded the FDIC limit. What are the tax implications as far as the loss and what schedules […]